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Bitcoin nears $87K as ETF inflows trigger $558M crypto short squeeze

Market News
22 Sep 2026
Tokenpost
View Source
Bullish
Bitcoin nears $87K as ETF inflows trigger $558M crypto short squeeze

Bitcoin surged close to $87,400, pushing the crypto market near a $3 trillion cap, driven by $558 million in liquidations mainly from short positions. Institutional investors fueled the rally with over $1.9 billion in spot ETF inflows, especially into Bitcoin, Solana, and Ethereum. Binance is restructuring its trading pairs, removing 19 low-liquidity pairs and suspending new isolated-margin borrowing, while also acquiring Circle shares for $100 million. Traders are advised to close affected margin positions before deadlines to avoid forced settlements.

Bitcoin trades at Rp1.546.298.519 on Pluang, up 0.88% as of Sep 23, 2026 00:42 WIB. Ethereum and Solana also show gains, with prices at Rp49.241.450 and Rp2.108.937, rising 0.68% and 0.61% respectively. Market activity on Pluang shows a mix of buying and selling, with Bitcoin orders 65% sell and 35% buy, reflecting cautious investor behavior.

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